CDC Software Corporation (NASDAQ: CDCS), a global provider of
enterprise software applications and services, today announced that
it has completed the acquisition of PeoplePoint Software Pty Ltd, a
leading Australian-based provider of software solutions and
services for the Aged Care Residential, Clinical and Community
Services management market.
PeoplePoint was formerly a business of Eclipse Computing, a
leading provider of business and industry-specific solutions. This
acquisition helps CDC Software solutions expand into the aged care
and not-for-profit markets in Australia and New Zealand while
offering a platform to accelerate the expansion of PeoplePoint
solutions in the fast growing aged care markets in North America
and Europe.
CDC Software has a successful track record of integrating
software companies like PeoplePoint, driving more cross-sell
synergy to its 6,000 customers globally and positioning these
businesses for organic growth and profitability. In fact, as
previously announced, CDC Software, estimates a 30 percent growth
in organic license revenue for its Q4 2009 results, and estimates
an increase in Adjusted EBITDA margin to about 27 percent in 2009,
an improvement over 2008 and 2007.
PeoplePoint Software delivers integrated and innovative
solutions that enable care suppliers to achieve business
efficiencies while improving the quality of care for their
residents, the elderly and customers. PeoplePoint solutions are
used by over 30 customers in Australia that include Hall and Prior,
Lend Lease Primelife, and UnitingCare Ageing, to name a few, and
has more than 1,500 concurrent users in Australia.
“We are very pleased about acquiring PeoplePoint, since we
believe the aged care market is growing globally and we feel this
is an ideal time to expand these solutions into the North American
and European markets,” said Bruce Cameron, president of CDC
Software. “We also believe that this acquisition offers us strong
cross-selling opportunities, especially since our Front Office
solutions already have installations in PeoplePoint’s key vertical
markets of aged care and not for profit, and that it also offers us
an opportunity to widely expand our solutions in the Australian and
New Zealand markets. From a financial perspective, we believe this
acquisition is earnings accretive immediately and fits our strict
acquisition criteria. We also believe that PeoplePoint’s products
could potentially contribute to our 2010 organic license revenue
growth. Already, we have announced that we expect to see an
estimated 30 percent increase in organic license revenues in the
fourth quarter of 2009. With this solid momentum in organic license
revenue and strategic acquisitions like PeoplePoint, we are
cautiously optimistic on CDC Software’s long-term prospects for
growth.”
“CDC Software offers a compelling platform, with its cost
effective product engineering centers in India and China and a
worldwide network of direct sales and channel operations, to expand
PeoplePoint solutions globally,” said Bradley Stroop, CEO of
Eclipse Computing. “We also believe that PeoplePoint customers will
benefit immensely from CDC Software’s technology and support
operations around the world, as well as the company’s broad
portfolio of complementary solutions.”
PeoplePoint’s portfolio of applications include PeoplePoint
Clinical Care solution, PeoplePoint Community Services solution,
PeoplePoint Retirement Villages and PeoplePoint Residential
Management solution that address the full continuum of care and
services offered to the senior community and deliver a single
health record as a basis for all interactions.
About CDC
Software
CDC Software (NASDAQ: CDCS), The Customer-Driven Company™, is a
provider of enterprise software applications and services designed
to help organizations deliver a superior customer experience, while
increasing efficiencies and profitability. CDC Software provides
customers with maximum flexibility in their solutions through
multiple deployment options which best fit their business needs.
Leveraging a service-oriented architecture (SOA), CDC Software
offers multiple delivery options for their solutions such as
on-premise, cloud-based or hybrid (blending of the two options)
deployment offerings. CDC Software's product suite includes: CDC
Factory (manufacturing operations management), Activplant
(enterprise manufacturing intelligence), CDC Ross ERP (enterprise
resource planning), CDC Supply Chain (supply chain management,
warehouse management and order management),CDC xAlerts (real-time
supply chain event management), CDC Power (discrete ERP), CDC
eCommerce, CDC NFP/NGO (not-for-profit/ non-governmental
organizations), PeoplePoint (aged care), CDC Pivotal CRM and
Saratoga CRM (customer relationship management), CDC Respond
(customer complaint and feedback management), c360 CRM add-on
products, industry solutions and development tools for the
Microsoft Dynamics CRM platform, CDC HRM (human resources) and
business analytics solutions.
These industry-specific solutions are used by more than 6,000
customers worldwide within the manufacturing, food and beverage,
consumer packaged goods(CPG), financial services, NFP/NGO, health
care, aged care, home building, real estate, wholesale and retail
distribution industries. The company completes its offerings with a
full continuum of services that span the life cycle of technology
and software applications, including implementation, project
consulting, technical support and IT consulting. For more
information, please visit www.cdcsoftware.com.
About CDC Corporation
The CDC family of companies includes CDC Software (NASDAQ: CDCS)
focused on enterprise software applications and services, CDC
Global Services focused on IT consulting services, and outsourced
R&D and application development, CDC Games focused on online
games, and China.com, Inc. (HKGEM:8006) focused on portals for the
greater China markets. For more information about CDC Corporation
(NASDAQ: CHINA), please visit www.cdccorporation.net.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995, including statements relating to our beliefs
about CDC Software, PeoplePoint, including our beliefs regarding
the earnings-accretive nature of this acquisition and the expected
benefits thereof to us and to customers, our beliefs regarding
market expansion and cross-selling opportunities, our beliefs
regarding possible contributions to organic license revenue, our
beliefs regarding growth in the aged care market, our beliefs and
third party beliefs regarding the aged care market and its market
conditions, our expectations regarding the resumption and
continuation of an acquisition business strategy, our expectations
regarding our possible market share, uniqueness of our product
offerings and ability to attain future expansion and success with
customers of CDC Software, our beliefs regarding our global
scalable business and technology platform and other statements that
are not historical fact, the achievement of which involve risks,
uncertainties or assumptions. These statements are based on
management's current expectations and are subject to risks and
uncertainties and changes in circumstances. There are important
factors that could cause actual results to differ materially from
those anticipated in the forward looking statements including,
among others: the conditions of the enterprise market and the
ability of CDC Software and/or Tuition’s and gomembers’ products to
address the business requirements of the market. Further
information on risks or other factors that could cause results to
differ is detailed in our filings or submissions with the United
States Securities and Exchange Commission, and those of our
ultimate parent company, CDC Corporation, located at www.sec.gov.
All forward-looking statements included in this press release are
based upon information available to management as of the date of
the press release, and you are cautioned not to place undue
reliance on any forward looking statements which speak only as of
the date of this press release. The company assumes no obligation
to update or alter the forward looking statements whether as a
result of new information, future events or otherwise. Historical
results are not indicative of future performance.
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